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Al-Muttahida Insurance Faces Policy Suspension
The United Cooperative Insurance Company has announced that it received a decision from the Saudi Insurance Authority to suspend the issuance and renewal of all its insurance products, including individual and extended warranty products, starting from September 22, 2026. This decision comes as a result of observed violations related to the regulatory and supervisory instructions applicable in the sector. It is expected that this will have a negative impact on the company's financial results for 2026, while continuing its efforts to address the noted issues and comply with regulatory requirements to resume its normal operations.
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